Yellen said recent decades have been marked by “significant income
and wealth gains for those at the very top and stagnant living standards for the majority.” This hurts social and economic mobility, she added.
Yellen added there are four “building blocks” to increase opportunity for those with smaller incomes and fewer assets.
“Two of those are so significant that you might call them ‘cornerstones’ of opportunity,
and you will not be surprised to hear that both are largely related to education,” she said. “The first of these cornerstones I would describe more fully as ‘resources available to children in
their most formative years.’ The second is higher education that students and their
families can afford.”
Yellen sounds more like a Bill de Blasio aide here than one of the more powerful unelected people in America. It’s the typical progressive tripe about spending on education at an early age and “FREEEEEEE COLLEGE!” OK, she didn’t actually say free college, but as we saw with the Occupy morons, that’s how it is most often interpreted by the participation trophy types.
One of the more demonstrably false notions repeated by progressives is that we don’t spend enough on education. If you woke Barack Obama up from a deep slumber he’d mutter, “Education spending…” before being fully conscious. It is their go-to for almost everything. As those of us who paid attention in school way back when even less money was being spent on it know, we the taxpayers spend plenty on education. It is just wasted by the thoroughly awful people at the National Education Association, the American Federation of Teachers, and their minions. Big Government and Big Labor have done nothing to education in America other than find new ways to make sure an ever-decreasing amount of each taxpayer dollar gets to students.
Then they want more to do less.